The Impact of Local Content on Ghana’s Oil and Gas Economy: Global Perspective
A Case Study of Local Content: L.I.2204

IBRAHIM BAWUMIA ABDUL RAHAMAN.pdf

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Title

The Impact of Local Content on Ghana’s Oil and Gas Economy: Global Perspective
A Case Study of Local Content: L.I.2204

Creator

Ibrahim Bawumia Abdul Rahaman

Description

Following the discovery of Ghana’s oil and gas in 2007 of larger and commercial quantities, the expectations of Ghanaians and communities where the exhaustible natural resource “black gold” was found, went high thereby compelling Policy makers in the country “Government of Ghana” (GOG) and other key stakeholders who are equally anxious to obtain the greatest benefits of the exhaustible natural resource. This triggered, the initiation and subsequent implementation of the L.I.2204 in 2013 to help impact positively on the Ghanaian economy and global impact as well.
The rational of conducting this qualitative and quantitative (crossed sectional research) was to determine the extent of the impact local content has had on Ghana’s oil and gas economy: and the global perspective of the L.I.2204, the local content requirement of L.I. 2204 of the petroleum upstream sector. The prospective implications of this research is for bringing about social positive changes which includes; the organization of lectures and seminars by the petroleum commission of Ghana aimed at informing indigenous Ghanaians and local companies about the various opportunities of the local content L.I.2204. The local content L.I.2204 has what it takes to alleviating poverty in the Ghanaian economy and also the enhancement of the broader economic growth and development.
Finally, it is for this reason the research was focused on the impact of local content L.I.2204 of oil and gas on the Ghanaian economy and the global perspective; how the world views the L.I.2204. It is my hope and believe that the petroleum commission and its key stakeholders will do more in generating jobs as a requisite requirement of the L.I.2204, doing more in generating revenue for government and engaging more in dialoging with multinational petroleum companies which will give Ghana a competitive edge in attracting more investors in to the Ghana oil and gas upstream industry.

Subject

MBA Petroleum Economics and Finance

Publisher

Ghana Technology University Library

Date

January, 2020

Contributor

Dr. Riverson Oppong